Common use of Rights and Remedies to be Exercised by Agent Only Clause in Contracts

Rights and Remedies to be Exercised by Agent Only. Each Lender agrees that, except as set forth in Subsection 14.2, no Lender shall have any right individually (i) to realize upon the security created by the Security Documents or any other Credit Document, (ii) to enforce any provision of this Credit Agreement or any other Credit Document against one or more of the Credit Parties, or (iii) to make demand under this Credit Agreement or any other Credit Document against one or more of the Credit Parties.

Appears in 3 contracts

Samples: Credit Agreement (Wolverine Tube Inc), Pledge Agreement (Wolverine Tube Inc), Credit Agreement (Wolverine Tube Inc)

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Rights and Remedies to be Exercised by Agent Only. Each Lender agrees that, except as set forth in Subsection 14.2, no Lender shall have any right individually (i) to realize upon the security created by the Security Documents Agreement or any other Credit Document, (ii) to enforce any provision of this Credit Agreement or any other Credit Document against one or more of the Credit Parties, or (iii) to make demand under this Credit Agreement or any other Credit Document against one or more of the Credit Parties.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

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